Disclaimer: The TipRanks Smart Score performance is based on backtested results. Backtested performance is not an indicator of future actual results. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Changes in these assumptions may have a material impact on the backtested returns presented. Certain assumptions have been made for modeling purposes and are unlikely to be realized. No representations and warranties are made as to the reasonableness of the assumptions. This information is provided for illustrative purposes only. Backtested performance is developed with the benefit of hindsight and has inherent limitations. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Actual performance may differ significantly from backtested performance. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Please note all regulatory considerations regarding the presentation of fees must be taken into account. No cash balance or cash flow is included in the calculation.
FAQs
Who owns Bank of America? BAC Stock Ownership - TipRanks.com? ›
The ownership structure of Bank of America (BAC) stock is a mix of institutional, retail and individual investors. Approximately 60.05% of the company's stock is owned by Institutional Investors, 27.63% is owned by Insiders and 12.32% is owned by Public Companies and Individual Investors.
Who are the owners of Bank of America stocks? ›| Name | Equities | % |
|---|---|---|
| BERKSHIRE HATHAWAY INC. 13.12 % | 1,032,852,006 | 13.12 % |
| Vanguard Fiduciary Trust Co. 8.186 % | 644,460,334 | 8.186 % |
| STATE STREET CORPORATION 3.715 % | 292,504,616 | 3.715 % |
| Geode Capital Management LLC 1.741 % | 137,025,926 | 1.741 % |
Largest shareholders include Berkshire Hathaway Inc, Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Fmr Llc, VFINX - Vanguard 500 Index Fund Investor Shares, Jpmorgan Chase & Co, Geode Capital Management, Llc, and Morgan Stanley .
Who is the real owner of Bank of America? ›Bank of America is a publicly held company owned by shareholders. Institutional investors own about 59% of its shares. The largest shareholder is Warren Buffett's Berkshire Hathaway, which owns about 13% of the shares.
Who is the major shareholder of Bank of America? ›Bank of America is one of the largest consumer banks in the United States, with over $3 trillion in assets. The largest shareholder is Berkshire Hathaway, along with fund managers like BlackRock and Vanguard.
What banks are owned by BlackRock? ›- JP Morgan Chase and Co.
- Bank of America Corp.
- Wells Fargo & Co.
- Citigroup Inc.
- US Barn Corp.
- Truist Financial Corporation.
- PNC Financial Corporation.
The richest Americans own the vast majority of the US stock market, according to Fed data. The top 10% of Americans held 93% of all stocks, the highest level ever recorded. Meanwhile, the bottom 50% of Americans held just 1% of all stocks in the third quarter of 2023.
How much of Bank of America does Warren Buffett own? ›Today, Buffett owns 12.81% of the bank's outstanding shares. BofA makes up 9.03% of Berkshire Hathaway's portfolio, the firm's second largest investment, according to Benzinga.com. As of Q1 2023, Buffett's BofA holdings were worth $35.5 billion, StockCircle.com reported.
Does China own Bank of America? ›No, Bank of America is not partly owned by China. It is an American bank.
What is the relationship between Bank of America and Merrill Lynch? ›What Is Merrill Lynch & Co.? Merrill Lynch & Co. is the former name of a prominent Wall Street investment firm. Since its acquisition by Bank of America (BAC) in 2009, it has become known simply as “Merrill” and operates as a wealth management division of Bank of America.
Who owns the most US bank stock? ›
- The Vanguard Group: 8.6% of its shares outstanding.
- BlackRock: 4.8%.
- MUFG Bank: 4.4%
- State Street: 4.2%.
- JP Morgan: 3.4%.
Bank of America acquired Merrill Lynch in late 2008 during the financial crisis. The $50 billion deal came as Merrill Lynch was within days of collapse, effectively rescuing it from bankruptcy.
Does Bank of America own BlackRock? ›BofA owned as much as a 34 percent stake in BlackRock that has shrunk to 7 percent before this share sale was announced. BofA acquired a stake in BlackRock as part of the Merrill Lynch deal in 2008.
Does Merrill Lynch own Bank of America? ›Merrill Lynch & Co. is the former name of a prominent Wall Street investment firm. Since its acquisition by Bank of America (BAC) in 2009, it has become known simply as “Merrill” and operates as a wealth management division of Bank of America.
What investment company is with Bank of America? ›You can simplify your financial life with Merrill Edge, which offers the investment insights of Merrill Lynch plus the convenience of Bank of America banking.
Who owns Berkshire Hathaway, Inc.? ›Berkshire Hathaway is a holding company run by Warren Buffett that owns a diverse range of private businesses and significant minority interests in public companies such as Apple.